Compiled 2026-09-26Data through 2025-12-312 min read
Dated source-based research · No live market data

Executive summary

Annual revenue of USD 40.648 billion and net income of USD 11.348 billion for the period ended 2025-12-31. This is a structured data brief from filed financial statements, not an independently audited investment opinion.

Business and industry context

Philip Morris International Inc. is an SEC-reporting issuer listed on NYSE under PM. Its SEC industry description is Cigarettes. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications. Retailers, consumer brands and service platforms balance demand, price, unit volume and operating costs.

Financial evidence

The selected fiscal period runs from 2025-01-01 to 2025-12-31. Revenue was USD 40.648 billion; operating income was USD 14.892 billion; diluted EPS was USD 7.26 per share. Prior-period revenue was USD 37.878 billion. The reported revenue change was 7.31%. Comparisons are not adjusted for acquisitions, disposals, foreign exchange or fiscal-week differences.

Profitability and cash generation

Net margin, calculated as net income divided by revenue, was 27.92%. Operating cash flow was USD 12.233 billion; capital expenditure was USD 1.569 billion. Free cash flow (operating cash flow less purchases of property, plant and equipment) was USD 10.664 billion. Missing standard tags are not interpreted as zero. These measures may not be directly comparable between business models.

Balance-sheet context

Total assets were USD 69.185 billion, total liabilities USD 77.213 billion and reported shareholder equity USD -9.994 billion at the period end. Total liabilities include operating obligations and are not a measure of interest-bearing debt.

Valuation context

This release does not include a synchronized market-price dataset. Consequently, price-based multiples are not quoted. P/E requires a dated share price and a clearly identified EPS basis; P/S and P/B require consistently dated capitalization and accounting denominators. A multiple alone does not establish fair value.

Risks and uncertainties

Consumer affordability, input inflation, competitive promotions and discretionary demand. Standardized XBRL can omit custom-tag disclosures. Annual data cannot establish the direction of the latest quarter.

What to monitor

Unit volumes, comparable sales, inventory, pricing and operating leverage. Read subsequent quarterly filings, footnotes and accounting-policy changes before interpreting these historical observations.

Methodology note

Source snapshots were collected on September 18, 2026. Values preserve reported currency and periods. This brief was compiled on September 26, 2026; the publication date is not a new source retrieval date.

Sources & dates